NEW BOARD APPOINTMENT AT SPESCOM LIMITED: WALTER
KANSTEINER III
Spescom Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/001083/06)
Share code: SPS ISIN:ZAE000017919
The Spescom board of directors is pleased to announce the
appointment of Walter Kansteiner III as an independent
non-executive director to the board of Spescom Limited
with effect from 5 April 2004.
Walter was until recently the Assistant Secretary of
State for African Affairs reporting directly to Colin
Powell.
He is now a senior partner of the Scowcroft Group (of
which he was a founding principal), which is a political
risk and strategic consulting firm founded by the former
National Secretary Advisor in the USA, General Brent
Scowcroft. The Scowcroft Group undertakes political
risk and strategic consulting projects to multinational
clients and is based in Washington DC, USA.
Walter has more than 20 years experience with African and
emerging market business issues and has advised
corporations on a wide range of mergers, acquisitions and
privatisation throughout Africa involving amongst others
the telecommunications sector. In this respect Walter
recently advised the buy side on the $1.3 billion
privatisation of Telkom SA Limited, the largest
privatisation in Africa to date.
In addition to his business experience in emerging
markets Walter served in the US Government as director of
African affairs on the National Security Council staff.
He has also served as the Africa specialist on the
Secretary"s Policy Planning staff and with the US
Department of Defence as a member of the strategic
minerals task force.
He holds graduate degrees in international economics and
ethics from American University and Virginia Theological
Seminary respectively. Walter is also the author of
"South Africa: Revolution or Reconciliation".
Walter"s appointment is in line with Spescom"s
globalisation initiative where the US market is a primary
target for Spescom"s proprietary Information Content
Management Software.
Date: 06/04/2004 03:58:15 PM Produced by the JSE SENS Department
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